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Disclaimer: ICICI Home Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to ICICI Home Finance for home loans. No offers/services from ICICI Home Finance are being provided by Paisabazaar for home loans. For further information about ICICI Home Finance for home loans, users are required to reach out directly to ICICI Home Finance.
ICICI Home Finance Home Loan Highlights
| Particulars | Details |
| Interest Rate | 9.30% p.a. onwards |
| Loan Amount | Rs 3 lakh – 5 crores |
| Tenure | Up to 25 years |
| Processing Fees | Up to 2% of loan amount |
Note: Rates as of 3rd December 2024
| On this Page: |
ICICI HFC Home Loans Interest Rates
| Loan Type | Interest Rates (p.a.) | |
| Salaried | Self-employed | |
| Prime Home Loan | 9.30% onwards | 9.40% onwards |
| Regular Home Loan | 9.70% onwards | 10.15% onwards |
| Apna Ghar Premium | 10.15% onwards | 11.45% onwards |
| Apna Ghar | 12.20% onwards | 12.95% onwards |
| Apna Ghar Dreamz | 16.70% onwards | 14.95% onwards |
Compare Interest Rates on Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
How to Apply for ICICI Home Finance Home Loan?
Applicants can apply for ICICI Home Finance through the official website of ICICI Home Finance. They can also visit ICICI Home Finance branch to apply for home loans. Applicants should also visit financial marketplaces and compare the interest rates and other features offered by other lenders.
ICICI HFC Home Loan Fees and Charges
Following are the processing fee and prepayment charges of ICICI Home Finance Home Loan.
| Products | Processing Charges |
| Apna Ghar | 1.00%+AT |
| Micro LAP | 2.00%+AT |
| Regular Home Loan | 0.75%+AT |
Prepayment Charges
| Product | Charges |
| Floating rates loans- if any borrower is non-individual | 2% of outstanding loan amount |
| Fixed rate or limited period fixed rate housing loan | 2% of loan amount |
Note: For fixed rate home loans, prepayment charges will be applicable in one year, two years and three years fixed rate loan. When the loan is switched to floating rate, charges are applicable as per the above table.
Documents Required for ICICI HFC Home Loan
Documents required from salaried and self-employed to avail home loan from ICICI Home Finance are illustrated below.
| Types | Salaried | Self-Employed |
| For New Home Loan | – Duly filled and signed application form
– Residence and ID proofs for KYC, like, Aadhaar card, PAN card, voter ID, job card issued by NREGA – Last 2-month salary slips, 3 months bank statement, Form 16 – Documents of the property (unless the property is not finalized) |
– Completely filled and signed application form
– Property documents – ID and residence proofs for KYC – Latest 2 income tax returns, 6 months bank statement, latest 2 years balance sheet (with schedules), and P&L accounts |
| For Apna Ghar Home Loan | ||
| For Home Improvement Loan | ||
| For Insta Top-up Loan | – Application form
– KYC proofs such as Aadhaar, PAN, etc. – Latest salary slip/1-month bank statement for income proofs |
– Application form
– ID and residence proofs – Last 1-month bank statement as income proofs |
| For Apna Ghar Dreamz Home Loan | – Completely filled and signed application form
– Property documents (unless the property is not finalized) – ID and residence proofs |
– Application form
– KYC proofs – 6 months bank statements (At least Rs 1,500 for home loan up to Rs 5 lakh and Rs 3,000 for loan above Rs 5 lakh) – Property documents (unless the property is not finalized) |
| For Plot Loan | – Application form duly filled
– Income proofs such as 3 months bank statement, last 2 months salary slips, Form 16 – ID and residence proofs for KYC – Property documents (unless the property is not finalized) |
– Completely filled application form – ID and residence proofs (Aadhaar, PAN, Voter ID)
– For Self-employed non-individuals: PAN, GST registration copy, MOA of company, AOA – Last 2 months ITR, P&L accounts and balance sheet (with schedules) for last 2 years, 6 months bank statements |
| For Top-Up Loan | ||
| For Home Loan Balance Transfer | – A letter was written by the existing lender on his letter-head mentioning the list of property documents submitted to him by the borrower
– Letter from the existing financial institution stating the latest outstanding balance on their letter-head – Xerox of the property documents (unless the property is not finalized) |
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Apply For ICICI Home Finance Home Loan at Attractive Interest Rates Click Here
Eligibility for ICICI Home Finance (ICICI HFC) Home Loans
Below-mentioned are the eligibility criteria for different types of home loan schemes offered by ICICI Home Finance.
For New Home Loan
Nationality
- Salaried: Indians residing in India and NRIs
- Self-employed: Indians residing in India
Age
- Salaried: 23-60 years of age for Indian residents; 25-60 years of age for NRIs
- Self-employed: 28-70 years of age
Income
- Salaried: Minimum monthly income of Rs 12,000
- Self-employed: Minimum annual income of Rs 1.5 lakh (after tax deduction)
Co-applicant
- Salaried/Self-employed: The age of the co-applicant should be 18-65 years
For Apna Ghar Home Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 25-60 years
- Self-employed: 30-70 years
Job Profile
- Salaried: Applicants working with partnerships, proprietorship, LLP or public or private sector companies, MNCs
- Self-employed: A self-employed doctor, lawyer, CA, CS, etc.
For Plot Loan
Nationality
- Salaried: NRIs and Indians residing in India
- Self-employed: Indians residing in India
Age
- Salaried: 23-60 years (resident Indians), 25-60 years (NRIs)
- Self-employed: 28-70 years
For Home Improvement Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 23-60 years (Indian resident); 25-60 years (NRIs)
- Self-employed: 28-70 years
For Home Loan Balance Transfer
- Applicant paying a higher rate of interest currently for a home loan and are looking for some relaxation
- Applicants with all EMIs paid for an existing home loan
For Top-up Home Loan
Nationality
- Salaried: Indian residents and NRIs
- Self-employed: Indian residents
Age
- Salaried: 21-60 years (Indian residents); 23-60 years (NRIs)
- Self-employed: 28-70 years
For Insta Top-up Home Loan
Existing home loan borrowers of ICICI Home Finance who have made repayments for at least 18 months
For Apna Ghar Dreamz Home Loan
Nationality
- Salaried/Self-employed: Indian residing in India
Age
- Salaried: 23-60 years (Income considered); 18-80 years (Income not considered)
- Self-employed: 23-70 years (Income considered); 18-80 years (Income not considered)
Minimum Income
- Salaried/Self-employed
Also Read: Top 10 Tips to Consider before Availing a Home Loan
Home Loan Repayment Options
- Step-up repayment facility- Where EMI increases with the increase in income
- Part-fixed and Part-floating– When the interest rate is fixed for a few years and floating for the rest of the years
- Flexible loan installment payment– For those applicants whose income will decrease in a few years, for eg., if you are nearing retirement
- Equated Monthly Installments (EMIs)– When a fixed amount is paid even when the income increases
ICICI Home Finance (ICICI HFC) EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
ICICI Home Finance Home Loan Customer Care
Below-mentioned are the details of ICICI Home Finance Home Loan Customer Care:
- Toll-free Number- 1800 267 4455
- Email Id- customer.care@icicihfc.com
In case of any grievances, applicants can reach out to;
- Email Id- nodal.office@icicihfc.com
- Office Number- 022-66493844
Types of ICICI Home Finance (ICICI HFC) Home Loans
New Home Loan
- Purpose: Regular home loans for salaried as well as self-employed applicants
- Loan Amount: Rs 3 lakhs- 5 crores
- Tenure: Up to 25 years (capped at 60 years of age or retirement for salaried and 70 years of age for self-employed applicants)
- Processing Fees: 0.75% of the loan amount or Rs 11,000 plus applicable taxes
Apna Ghar Home Loan
Purpose: Affordable housing loan scheme for both salaried and self-employed applicants with Pradhan Mantri Awas Yojana’s (PMAY) subsidy benefit of up to Rs 2.67 lakh
Loan Amount:
- Up to Rs 20 lakh for salaried
- Up to Rs 50 lakh for self-employed
- Processing Fees: 1% of the loan amount + GST @ 18%
Plot Loan
Purpose: Loan to salaried and self-employed individuals to purchase a plot of land for construction of the house
Loan Amount: Up to Rs 1 crore
Processing Fees: 0.75% of the loan amount or Rs 11,000
Home Improvement Loan
Purpose: Home loan for carrying out home repairs and renovations
Loan Amount: Rs 3 lakh- 5 crores
Tenure: Up to 20 years
Processing Fees: 0.75% of the loan amount or Rs 11,000
Home Loan Balance Transfer
Purpose: For transferring existing home loans availed from other banks and HFCs to ICICI Home Finance at lower interest rates
Loan Amount: Rs 3 lakh to Rs 5 crores
Tenure: Up to 25 years
Processing Fees: 0.75% of the loan amount
Also Read: Home loan tax benefits
Top-up Home Loan
Purpose: To arrange finance for any personal/business requirements during the tenure of the home loan
Loan Amount: Up to Rs 1.5 crores
Tenure: Up to 20 years
Processing Fees: 0.75% of the loan amount or Rs 11,000
Insta Top-up Home Loan
Purpose: Loan provided over and above the existing home loan to meet the financial needs of the existing home loan and non-housing loan borrowers of ICICI Home Finance
Tenure: Up to 10 years
Loan Processing Time: within 72 hours
Apna Ghar Dreamz
Purpose: Affordable home loans for those lacking income proof documents along with PMAY’s subsidy benefits of up to Rs 2.67 lakhs
Loan Amount:
- Salaried: Rs 2 lakh- 20 lakh
- Self-employed: Rs 2 lakh- 30 lakh (up to Rs 50 lakh in Delhi/Mumbai)
LTV Ratio: Up to 80% of a Home’s market value
Tenure: Up to 20 years
FAQs on ICICI Home Finance
What are the interest rates offered by ICICI Home Finance?
ICICI Home Finance offers home loans at interest rates starting from 9.10% p.a. onwards depending on the credit profile of the applicant.
What is the eligibility criteria for availing ICICI Home Finance?
ICICI Home Finance sets the eligibility criteria of its applicants based on their age, occupation profile, co-applicants, etc. Click here to know about the home loan eligibility criteria set by ICICI Home Finance in detail.
What are the documents required for availing ICICI Home Finance Home Loan?
ICICI Home Finance requires various documents for verifying the identity, income, address, property title, etc. of its home loan applicants. Click here to know about ICICI Home Finance Home Loan documents in detail.
How long does it take for ICICI Home Finance to approve the home loan application of its applicants?
ICICI Home Finance has not specified the turnaround time for the approval of home loan applications of its applicants. However, lenders usually take around 2-3 weeks or even more while approving home loan applications.
Can I transfer my existing home loan to ICICI Home Finance?
You can opt for ICICI Home Finance Home Loan Balance Transfer facility and transfer your existing home loans from other lenders to ICICI Home Finance at lower interest rates, thereby reducing your overall interest cost.
How can the home loan applicants increase their home loan eligibility?
The home loan applicants can increase their home loan eligibility by adding a co-applicant like spouse or any immediate family member.
Does ICICI Home Finance provide preferential interest rates to women applicants?
Yes, ICICI Home Finance provides lower interest rates to women applicants. However, the HFC has not disclosed the concessions on interest rates offered to women applicants.
Who can be a co-applicant to my home loan?
Your spouse or any immediate family member can be the co-applicant. Adding woman as a co-applicant can help in availing home loans at lowers interest rate.
What is the minimum credit score required to avail home loans from ICICI Home Finance?
ICICI Home Finance has not specified the cut-off credit score for home loan applicants. However, the applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates. Click Here: To know more about Credit Score based Home Loan Interest rates
Can I prepay the home loan availed from ICICI Home Finance?
Yes you can prepay your home loan availed from ICICI Home Finance, in part or in full. There are no prepayment charges levied on home loans with floating rates. However, the HFC levies prepayment fees of 2% on the outstanding loan amount for fixed rate home loans.
What are the benefits of Home Loan EMI planning?
Home loan lenders usually prefer lending to those applicants whose total EMIs, including the existing EMIs as well as the EMI of the proposed home loan, is within 50-60% of their monthly income. Applicants exceeding this ratio have very low chances of availing home loans.
Thus, home loans applicants should use home loan EMI calculator to find out their EMI affordability after factoring in their existing EMIs, monthly unavoidable expenses and monthly investments for their crucial financial goals. Doing so would reduce the chances of home loan rejection, find them their optimum home loan tenure based on their repayment capacity and ensure long term financial fitness.
Can I choose between a fixed and floating rate of interest?
ICICI Home Finance offers home loans at both fixed and floating rates of interest.